Multi-Family for Sale: 1810 August Street, Granite City, IL 62040 SOLD
4,800 sqft
$655,000
$655,000
1810 August Street,
Granite City, IL 62040 SOLD
4,800 sqft
$655,000
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Selling Price: $655,000
Original List Price: $650,000
Sold at 100.8% of list price
Sold Date: 04/04/2023
Type Multi-Family
Total Living Area 4,800 sqft
Lot Size 0.65 acres
Year Built 1967
Assoc Fee Paid None
Taxes Paid $9,452
City Granite City
County Madison-IL
Subdivision Webster Second Add
MLS 22074680
Status Closed
DOM 32 days
SIXTEEN one bedroom/one bath units. Turnkey and ready for you to add to your portfolio. Ten of the sixteen units have recently been remodeled, see pictures for a peek. Remodeled units are renting for $650.00/month. The six awaiting a remodel are renting from $450-485.00/month. Security deposits on all units. Many units have updated appliances and major components. Seller numbers reported INCLUDE a vacancy rate adjustment of 5%. Sale includes Parcel number 22-2-20-18-16-404-005 ((2) 8-unit apartment buildings) and parcel number 22-2-20-18-16-404-006 (adjoining vacant lot.) Current pricing reflects remodels, filled vacancies, GC inspections, additional parcel of land and market pricing. Roofs were replaced in 2018. HVAC inspections conducted 08/2022. Additional inspection dates in supplements. With current rents and adjusted vacancy rate, Seller reports cap rate still looks to be in double digits. Don't wait!! Real estate has proven to be a solid investment and investors are everywhere.
Lot & Building Features
Assoc Fee Paid None
Construction Brick, Vinyl Siding
Cooling Gas
Heat Source Electric
Heating Forced Air, Individual Furnaces
Parking Description Parking Lot, Unassigned
Sewer Public Sewer
Tax Year 2021
Water Public
Lot Dimensions 302.6 X 210 X 234.5 IRR ft
Community and Schools
Junior High School GRANITE CITY DIST 9
Senior High School Granite City
Price History of 1810 August Street, Granite City, IL
| Date | Name | Price | Difference |
|---|---|---|---|
| 02/16/2023 | Listing Price | $655,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
Direct: 618-791-9298
Office
Listed by Keller Williams Marquee, Julie Jones-Kloeckner
Sold by Re/Max Signature Properties, Jamie Lenglet
 Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information courtesy of: Keller Williams Marquee Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange |